Longfellow Company gathered the following reconciling information in preparing its April bank reconciliation: The adjusted cash balance per books at April 30 is

Question

Longfellow Company gathered the following reconciling information in preparing its April bank reconciliation:  The adjusted cash balance per books at April 30 is

Quizplus · Accepted Answer

Starting with the adjusted bank balance of ₤6,400 and adding deposits in transit of ₤1,570 gives a subtotal of ₤7,970. From this subtotal, we subtract outstanding checks totaling ₤800 to get the adjusted bank balance of ₤7,170. 
Starting with the cash balance per books of ₤8,660 and subtracting service charges of ₤80 gives a subtotal of ₤8,580. From this subtotal, we subtract NSF check of ₤410, printing error of ₤1,000 and note collected by bank of ₤1,000 to get the adjusted book balance of ₤6,170. 
The adjusted cash balance per books at April 30 is the same as the adjusted book balance, which is ₤8,170 (₤7,170 + ₤1,000).

Longfellow Company Gathered the Following Reconciling Information in Preparing Its